PayPal users targeted by a phishing campaign -
Geeko
The online payment platform PayPal is about to experience a second wind thanks to cryptocurrency.
After several years of hesitation, PayPal is preparing to authorize cryptocurrencies as a means of payment on its platform.
The integration of cryptocurrencies within PayPal will be done in the coming weeks for the United States and during the first half of 2021 for Europe.
Four cryptocurrencies will be supported initially;
the very popular Bitcoin, Bitcoin Cash, Ethereum and Litecoin.
In addition to the upcoming possibility of being able to pay in cryptocurrencies via the platform, the announcement of PayPal has increased the value of the 4 virtual currencies.
The integration of cryptocurrencies within PayPal should logically put a spotlight on this virtual currency, the concept of which is still very vague today for the vast majority of the general public.
Paypal will take care of the conversion
PayPal account holders will therefore be able to buy, sell and converse cryptocurrencies in their PayPal wallets.
From the start of cryptocurrency support within PayPal, the approximately 26 million online businesses will offer their customers to pay with this type of currency.
PayPal will take care of the conversation in traditional currencies.
Cryptocurrency will therefore have a more "concrete" value on PayPal in order, as Reuters explains, to protect sellers and buyers on the web.
High-Tech
PayPal will apply fees for inactive accounts
Society
Financing of terrorism: Bruno Le Maire wants to act against cryptocurrencies
Economy
Bitcoin
Virtual currency
Paypal
High-Tech
Change